Good quarter for JLR
Posted on 21 Aug 2014 and read 1638 times
Jaguar Land Rover has reported that its revenues increased 22% year on year to £5,353 million in the first quarter of 2014. The rise is significantly higher than that of the same period last year, when revenues were up 13% on 2012.
Pre-tax profit at the Whitley-headquartered manufacturer increased to £924 million for the quarter — more than double that for 2013 (£415 million). Indian parent group Tata said that JLR sold 115,596 vehicles during the quarter, with global demand spread across both Jaguar and Land Rover.
JLR chief executive Ralf Speth said: “This financial performance reflects our award-winning product portfolio. We are committed to inspire customers with exceptional premium vehicles, delivering the highest standards of quality, technology and customer service.”